Korea Business Confidence December 2020

Korea

Korea: Business confidence picks up but remains pessimistic in December

November 25, 2020

Business confidence in the manufacturing sector rose to 81.0 in December from November's 76.0. December's result marked the strongest reading since May 2018. As a result, the index moved closer to the 100-point threshold, but still indicated pessimism among businesses.

Both domestic and export-oriented firms became less pessimistic in December, while views on sales and profitability grew less gloomy.

FocusEconomics Consensus Forecast panelists expect fixed investment to rise 2.5% in 2021, which is down 0.2 percentage points from last month’s forecast. In 2022, the panel expects fixed investment to grow 3.0%.


Author:, Junior Economist

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Korea Business Confidence December 20 20

Note: Business Survey Index (BSI). An index value above 100 indicates an optimistic outlook while a value below 100 indicates a pessimistic outlook.
Source: Bank of Korea.


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